Paramount CEO David Ellison mandates 5-day office return Jan 2026, offers buyouts, with major layoffs looming as firm targets $2B in cost cuts.
Japan pledges $7B yearly U.S. energy buys, eyes Alaskan LNG deal. U.S. to keep lowest tariffs on Japanese drugs, semiconductors under new trade pact.
Citigroup will transfer $80 billion in client assets to BlackRock, outsourcing investment management to simplify its core wealth management operations.
T-Mobile projects $400M more in service revenue this quarter as it integrates customers from its newly acquired rival, UScellular, after the deal was approved.
GM is cutting EV output, halting production of two electric Cadillacs in December, as the Trump administration pulls federal support for green cars.
UK bank shares lost £6.4bn after calls for a windfall tax spooked investors, with NatWest, Lloyds, Barclays & HSBC all sliding on fresh budget fears.
India slashed taxes on soaps, small cars & other goods to boost demand amid U.S. tariff pressures, FM Sitharaman said after GST panel's approval.
Netflix updated its "Moments" feature on mobile, letting users clip, save & share scenes. The rollout ties in with season 2 of a hit show.
US job openings hit a 10-month low in July, with more jobseekers than jobs for the first time since COVID, boosting Fed rate cut expectations.
A jury ordered Google to pay $425M for tracking users' data even after they turned off the Web & App Activity setting, violating privacy promises.
Disney will pay $10M to settle FTC claims it let children's data be collected on YouTube without parental consent, the agency confirmed Tuesday.
OPEC+ may raise oil output at Sunday's meeting, aiming to regain market share by unwinding 1.65M barrels/day of cuts, over a year ahead of schedule
Japan's service sector growth slowed in August, with the PMI easing to 53.1 from 53.6, though domestic demand stayed strong despite the first job cuts in nearly two years.
A U.S. judge dismissed a lawsuit accusing 10 banks of rigging bond prices, after the original judge stepped down due to a conflict of interest.
After years of suggestions, Kraft Heinz agreed to split into two simpler companies to boost stock prices, a growing trend among food & beverage conglomerates.
SAP will invest €20B over 10 years to boost Europe's sovereign cloud, offering IaaS and on-site options to keep customer data within the EU and meet GDPR rules.
UK PM Keir Starmer reshuffled advisers, bringing in ex-BoE Deputy Minouche Shafik, to boost economic plans ahead of a tough Autumn Budget amid low approval ratings.
Treasury Secretary Scott Bessent said the Fed should stay independent but criticized its "mistakes" and defended Trump's right to fire Fed Governor Lisa Cook.
Novo Nordisk says Wegovy cut heart attack, stroke, or death risk by 57% vs Eli Lilly's drugs in real-world data, highlighting possible differences among GLP-1 drugs.
Japan's markets boom as foreign buyers drive Tokyo stocks to record highs and push 30-year bond yields up, but domestic investors remain largely absent.
Swiss coffee machine maker Thermoplan, key Starbucks supplier, faces job risks after U.S. President Trump imposed 39% tariffs on Switzerland over its trade surplus.
Nestlé ousted CEO Laurent Freixe over an affair, naming Philipp Navratil as successor, as the food giant battles falling shares and uneven post-pandemic results.
Tesla's EU sales fell for an 8th month in August, with weak Model Y demand, rising competition, and backlash over Musk's political ties hurting performance.
Australian home prices rose 0.7% in August to a median A$848,858, driven by strong demand and low listings, up from a 0.5% gain in July, Cotality reported.